UK Health Secretary Wes Streeting to Resign, Challenge PM Keir Starmer for Labour Leadership

Wes Streeting, UK Health Secretary, is preparing to resign and challenge PM Keir Starmer for the Labour leadership, according to allies. This move could trigger a party leadership contest. Financial markets have reacted with declines in gilts and the pound. Streeting met with Starmer in Downing Street on Wednesday before the monarch's legislative agenda announcement. To trigger a contest, Streeting needs support from 81 Labour MPs. Other potential candidates include Angela Rayner and Ed Miliband. Streeting's spokesperson did not deny the reports, citing focus on the King's announcement. The development was first reported by The Times.